IN BRIEF: boohoo not aware of any US Customs & Border investigations

boohoo Group PLC - AIM-listed online-only fashion retailer - Says it has not received any ...

Alliance News 2 March, 2021 | 2:25PM
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boohoo Group PLC - AIM-listed online-only fashion retailer - Says it has not received any correspondence about nor is it aware of any investigation by US Customs & Border Protection. Says it is confident in the actions it is taking to ensure that all of its products meet the Customs & Border Protection criteria on preventing the product of forced labour entering the US or any of its markets. Notes it continues to fulfil orders to customers in the US across all of its brands and will "work with any competent authority to provide assurance that products from its supply chain meet the required standard."

Adds over the past eight months, it has been working closely with UK enforcement bodies and if it were to discover any suggestion of modern day slavery, it would immediately disclose this to the relevant authorities. This is in response to a Sky News report citing Duncan Jepson, runner of campaign group against modern-day slavery Liberty Shared, who claims boohoo is not doing enough to stop forced labour in its Leicester factories, which make many of its clothes.

Current stock price: 333.60 pence, down 3.2% on Tuesday

Year-to-date change: down 3.1%

By Zoe Wickens;

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Boohoo Group PLC 344.20 GBX -0.15 -

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